Debt information
The Group’s finance policy comprises a framework of guidelines and principles governing the management of financial risks and finance operations in general. The Group’s financial risk management is centralized to capitalize on economies of scale and synergy effects, and to minimize operational risks.
Key figures 2019
Net debt/EBITA: 2.1
Average maturity of borrowing: 3.7 years
Average interest maturity: 3.7 years
Fixed loans: 96.6%
Floating loans: 3.4%
Debt sources of financing
Swedish Match applies a centralized approach to the Group’s financing, whereby as much external borrowing as possible is conducted centrally.
Maturity profile of interest bearing liabilities
| Fixed | Float | |
|---|---|---|
| 2020 | 800 | 0 |
| 2021 | 1,849 | 0 |
| 2022 | 1,364 | 0 |
| 2023 | 1,686 | 250 |
| 2024 | 2,858 | 0 |
| 2025 | 1,955 | 0 |
| 2026 | 999 | 0 |
| 2027 | 3,172 | 0 |
| 2028 | 332 | 0 |
As of September 30, 2020
Swedish Match has had a long-term rating from Standard & Poor's since 1997 and Moody's Investor Service since 1999.
